PROPERTY IN MAURITIUS
Why invest in Mauritius?
Mauritius has been THE destination par excellence for many worldwide. It is THE dream. Over the years, it has become a top choice for discerning real estate investors.Â
Measures facilitating foreign investment in Mauritius
Property Development Scheme (PDS)
The PDS scheme enables the development of high-quality residences that are freely available for sale to foreigners. A non-Mauritian can obtain a permanent residence permit when purchasing a residential unit under the PDS scheme, provided the purchase price exceeds USD 375,000.
Integrated Resort Scheme (IRS)
Under the IRS, villas and other freehold residential properties can be sold for a minimum price of USD 375,000 to non-Mauritians who, following purchase, receive a residence permit. The few IRS projects that have come onto the market have proved very popular and continue to do so, offering luxury facilities to residents. These may include a golf course, marina, wellness center, restaurants, boutiques and many other high-end amenities.
Smart City Scheme (SCS)
The SCS is developed on a site of at least 21 hectares (50 acres) and must adhere to the concept of living, working and playing. It includes in its implementation numerous regulations enabling the development of urban spaces, favoring pedestrian life. All SCS properties are available for purchase by foreigners from Mauritius.
Real-Estate Scheme (RES)
RES properties can be sold to citizens and non-citizens alike, with no minimum price. However, the acquisition of a property worth at least USD 375,000 entitles the foreign buyer to a residence permit. This program is generally smaller than other real estate projects and is aimed primarily at investors, retirees and professionals who want to invest, work and live in Mauritius, or those who want to enjoy a vacation in Mauritius.
Apartments Under Ground + 2 Scheme
G+2 is a real estate concept enabling foreigners to purchase an apartment that is not part of a PDS, IRS or RES development. This purchase does not give foreigners permanent residency, but it does provide them with a 6-month multiple-entry visa valid for 5 years, and gives them the possibility of renting out the property, thus benefiting from a rental return.
Invest Hotel Scheme (IHS)
The IHS scheme was designed to enable hotels to sell their rooms, suites or villas forming part of the hotel to purchasers, whether before, during or after construction of the hotel. It not only provides buyers with rental income, but also access to all the services of a luxury hotel.
The return on real estate investment in Mauritius
FDI in Real Estate in the first three quarters of 2023 (MUR)
Property investment in Mauritius is an attractive option for both local and international investors due to its potential for high returns and diversification benefits. The estimated return of between 3,8% and 10% per annum offers a promising opportunity for individuals seeking to grow their wealth over time. Moreover, the stability of the real estate market in Mauritius, coupled with its resilience to economic fluctuations, enhances its appeal as a viable investment avenue. By investing in real estate in Mauritius, individuals not only have the opportunity to diversify their investment portfolio, but also to potentially become homeowners, benefit from tax advantages, and contribute to the country’s socio-economic development. Additionally, the government of Mauritius has implemented various initiatives to encourage property investment, further cementing its position as an enticing prospect for discerning investors seeking long-term financial growth and stability.